The dynamics of global energy consumption have been largely dictated by the production of oil, a crucial game-changer for economies around the world. Despite what most believe, the United States, leads the pack, with daily oil production rates that outstrip other nations.
Oil, being the liquid gold that it is, has been pivotal to economic progress, often steering global politics. Countries rich with this naturally occurring fossil fuel command a significant influence in the international arena.
Key findings from the data include:
These findings demonstrate that while the Middle East commands significant influence in the global oil market, countries across almost every continent contribute meaningfully to the international oil inventory. This diversity, however, still draws into sharp focus the heavy dependence world economies have on this finite resource, and the urgent need to transition to renewable energy sources.
The countries standing at the pinnacle of oil production, categorized by their daily oil output are the United States, Russia, Saudi Arabia, Canada, Iraq, China, United Arab Emirates, Brazil, Kuwait, and Iran. At the highest peak of the pyramid is the United States with an astounding oil production feat of 11.6 million barrels daily. Russia trails closely behind the United States, producing an impressive 10.5 million barrels of oil per day. The third country with the highest oil production is Saudi Arabia with an oil output of 10.2 million barrels per day.
Following these countries, comes Canada, which produces a significantly lower but by no means small figure of 4.7 million barrels of oil each day. Iraq and China further follow the list with 4.3 million barrels and 4.0 million barrels of daily oil production respectively. The United Arab Emirates produces 3.0 million barrels of oil daily, with Brazil being slightly behind it at 2.9 million barrels. Ticking towards the end of the countdown we have Kuwait with a production of 2.6 million barrels and Iran, producing 2.5 million barrels of oil daily.
10 Countries with the Highest Oil Production:
The data points presented are defined as follows:
To sort the data in the table, click on the column headers.